Property Management
What is a percentage lease in Nevada commercial real estate?
AA lease where rent is calculated as a percentage of the property's appraised value
BA lease where the tenant pays a base rent plus a percentage of their gross sales above a specified breakpoint✓ Correct
CA lease where the landlord receives a percentage of the property's appreciation
DA lease where rent is a percentage of the local CPI
Explanation
A percentage lease charges the tenant a base rent plus a percentage of their gross sales revenue above a 'natural breakpoint.' They are common in retail properties such as shopping centers in the Las Vegas market, where retail performance is tied to the lease structure.
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